Dismissing the appeal of the Revenue the Court held that Leave travel allowance (LTA) was not in nature of sum payable by employer in lieu of any leave at credit of his employee, provisions of section 43B(f) would not apply. (AY. 2012-13)
PCIT v. Heavy Engineering Corporation Ltd. (2023) 295 Taxman 349 (Jharkhand)(HC)
S. 43B : Certain deductions only on actual payment-Leave travel allowance-Provision of section 43B(f) is would not apply.[S.43B(f)]